Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative - Jainam Share Consultants
Nifty
Nifty opened with a downward gap and selling pressure throughout the session dragged it lower to end negative . Nifty closed at 25179withaloss of 318 points. On the daily chart the index has formed a long Bearish candle forming lower High-Low compare to previous sessionindicatingnegative bias. The chart pattern suggests that if Nifty breaks and sustains below 25140 level it would witness selling which wouldleadtheindextowards 25100-25000 levels. However, if index crosses above 25250 level it would witness pullback rally which would take the indextowards25350-25400.
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